US Natural gas prices

US Natural gas prices

US Natural gas prices

US Natural gas prices

US Natural gas prices traded above $8.50, not far from a 14-year high of $9.45 hit last week, mostly driven by higher domestic and international demand. Russia has cut the flow for Shell as they have refused to pay in Ruble. The first resistance to be tested is $9.01 and first support on a decline is $8.65 Level. 

The dollar index held around 102.5 on Thursday after rallying for two straight sessions, supported by rising US Treasury yields and widespread concerns over high inflation. The benchmark US 10-year yield jumped back above 2.9% on Wednesday as investors priced in a potential reacceleration in inflation, more aggressive monetary tightening and the possibility of a recession. Rising prices around the world remain a key concern for investors, with euro zone inflation data coming in much higher than expected on Tuesday. Uncertainties around the outlook for monetary policy also kept markets on edge, with Federal Reserve Governor Christopher Waller saying on Monday that he is not “taking 50-basis point hikes off the table” until he sees inflation come back closer to the central bank’s 2% target. Investors now look ahead to US nonfarm payrolls and inflation data for May for clues on the health of the economy and to guide the outlook for monetary policy.

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week-so-far-01.06.2022
01 June 2022 14:53

week-so-far-01.06.2022